Interest rate fears keep FTSE flat

clock

The FTSE 100 has ended the day down 0.8 points, or 0.01%, to 6,155.2, on expectations interest rates will rise to 5% next month after news GDP has grown at its fastest rate for two years.

British Energy Group was the biggest drag on the index with a drop of 4.58% to 448p, closely followed by Northern Rock which fell 1.26% to £11.76, while insurer Prudential slipped 1.24% to 637.5p. Scottish & Newcastle also ended lower with a drop of 1.24% to 559p, closely followed by Reckitt Benckiser which has slipped 1.22% to £21.86, although losses were limited by Reuters which climbed 1.78% to 443.25p. Hammerson posted the biggest gains with a rise of 2.61% to £13.35, closely followed by Intercontinental Hotels which gained 2.52% to 997p, while miner Kazakhmys climbed 1.87% to £12....

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Pensions tax breaks: Budget 'kite-flying' creating cash management challenge

Pensions tax breaks: Budget 'kite-flying' creating cash management challenge

Savers and advisers dealing with cash management quandary

Kate Toumazi
clock 14 October 2025 • 3 min read
Partner Insight: Finding the right partner for a managed portfolio service

Partner Insight: Finding the right partner for a managed portfolio service

Francis Clark Financial Planning set up a white-label managed portfolio service for their clients, but as the effects of COVID-19 played out and markets stagnated, they realised they needed a change. Managing Director Chris Reah explains how they found the right solution.

Chris Reah, Francis Clark Financial Planning
clock 13 October 2025 • 5 min read
Watch Professional Adviser's Working Lunch with Baillie Gifford - Decumulation Decisions: Resilient Monthly Income for Retirees

Watch Professional Adviser's Working Lunch with Baillie Gifford - Decumulation Decisions: Resilient Monthly Income for Retirees

Catch up on the discussion

Professional Adviser
clock 10 October 2025 • 1 min read